Tokyo Apartment Sales in May 2019

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of May 2019:

BuildingSold Price
(Yen/sqm)
(USD/sq.ft)Days ListedDiscount
 
Akasaka Tower Residence (2008)
3-Bedroom
¥2,420,000
/sqm
$2,075
/sq ft
743.1%

A 45-storey luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites.  Despite having 521 apartments in the building, only 12 were available for sale as at the end of May 2019. 8 of those 12 units are leased to tenants and suitable for investors only. The current asking price in this building is around 2,260,000 Yen/sqm. The average resale price to date in 2019 is around 2,190,000 Yen/sqm, up 3.4% from 2018 (2,119,000 Yen/sqm) and up 14.4% from 2017 (1,915,000 Yen/sqm). This was a corner apartment on a mid-floor. It sold for 77% more than an identical apartment a few floors down sold for in late 2008 and has been the second highest reported resale in this building on a price-per-square-meter basis to date.

 
City Tower Azabujuban (2009)
1-Bedroom
¥2,078,000
/sqm
$1,780
/sq ft
600%

City Tower Azabujuban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,775,000 ~ 3,160,000 Yen/sqm, with an average of around 2,111,000 Yen/sqm. There have been 9 reported resales in this building in the first 5 months of 2019, up from 7 sales for all of 2018. The average sale price to date in 2019 is around 1,944,000 Yen/sqm, down 1.6% from 2018 (1,975,000 Yen/sqm) but up 2.0% from 2017 (1,905,000 Yen/sqm). This apartment sold for 45% more than an identical apartment a few floors down sold for in 2014.

 
Bancho Parkhouse (2007)
3-Bedroom
¥1,939,000
/sqm
$1,665
/sq ft
260%

Bancho Parkhouse is a 17-storey apartment building located in the wealthy Bancho residential neighborhood on the western side of the Imperial Palace. There are currently no sale listings available. The average sale price to date in 2019 is around 1,863,000 Yen/sqm, up 14.3% from 2018 (1,630,000 Yen/sqm).  This was a large apartment on a high floor. It has been the most expensive reported resale in this building on a price-per-square-meter-basis to date.

 
The Residence Mita (2014)
2-Bedroom
¥1,769,000
/sqm
$1,515
/sq ft
2145.2%

The Residence Mita is a 24-storey high-rise located near Akabanebashi and Mita Stations in downtown Tokyo. The building was completed in November 2014, and all new apartments had sold out by March 2014 – 8 months prior to completion. There are currently just two sale listings in the 252-unit building, with an average asking price of 1,990,000 Yen/sqm. The average resale price to date in 2019 is around 1,667,000 Yen/sqm, down 1.2% from 2018 (1,688,000 Yen/sqm) and down 2.5% from 2017 (1,710,000 Yen/sqm). This was a compact apartment on a mid-floor. It sold for 4.8% more than an identical apartment on a higher floor sold for in 2015.

 
Brillia Daikanyama Prestige (2007)
1-Bedroom
¥1,752,000
/sqm
$1,500
/sq ft
70%

Brillia Daikanyama Prestige is a 10-storey apartment building located just 2 minutes walk from Daikanyama Station and 5 minutes from Ebisu Station. The contemporary building includes concierge and gym. Several apartments have roof terraces. Despite having 128 units, just 3 were listed for sale as at May 2019 with an average asking price of 2,020,000 Yen/sqm. The average resale price to date in 2019 is around 1,740,000 Yen/sqm. This has been the highest reported resale in this building to date on a price-per-square-meter basis. It sold for approximately 41% more than a similarly-sized apartment on the same floor sold for in 2014.

 
Branz Roppongi (2013)
1-Bedroom
¥1,588,000
/sqm
$1,360
/sq ft
747.1%

Branz Roppongi is a 5-storey low-rise located a 3 minute walk from Roppongi Station. When new, apartments had an average price of around 1,285,000 Yen/sqm. The current average asking price is around 1,740,000 Yen/sqm. The average resale price to date in 2019 is 1,575,000 Yen/sqm, down 2.8% from 2018 (1,620,000 Yen/sqm), but up 5% from 2017 (1,500,000 Yen/sqm). This was a compact apartment on a low floor.

 
Minami Aoyama Terrace Tokiwamatsu Forest (2006)
2-Bedroom
¥1,471,000
/sqm
$1,260
/sq ft
71.6%

A large-scale complex of 196 apartments located a 10 minute walk from Omotesando Station. There was just 1 apartment listed for sale as at May 2019 with an asking price of 1,731,000 Yen/sqm. The average sale price in 2018 was 1,730,000 Yen/sqm, up 9.1% from 2017 (1,585,000 Yen/sqm) and up 21% from 2016 (1,430,000 Yen/sqm). This unit was on a low floor. It has been the only reported sale in 2019.

 
Kachidoki The Tower (2016)
2-Bedroom
¥1,009,000
/sqm
$865
/sq ft
1583.6%

A 53-story, 1,420-unit apartment building located on a man-made island in Tokyo bay. Construction was completed in December 2016. As at the end of May 2019 there were 38 apartments listed for sale, down from 49 at the end of February. The average asking price was 1,170,000 Yen/sqm. When new, the average off-the-plan price was around 920,000 Yen/sqm. The average resale price to date in 2019 is around 1,037,000 Yen/sqm, down 6.3% from 2018 (1,107,000 Yen/sqm) but up 0.2% from 2017 (1,035,000 Yen/sqm).

 
The Harumi Residence (2009)
2-Bedroom
¥790,000
/sqm
$675
/sq ft
1084.5%

Harumi Terrace is a 20-story, 438-unit apartment building located on a man-made island in Tokyo Bay and close to the Athlete’s Village / Harumi Flag development. The current asking price in this building is around 889,000 Yen/sqm. There are currently 12 apartments listed for sale, but only 1 sale has been reported to date in 2019. 2016 and 2017 both saw annual reported sales of 15 units, while sales in 2018 dropped to just 5 units. This was a compact apartment on a high floor. It sold for approximately 23% more than an identical apartment a few floors down sold for in 2012. The average sale price in 2018 was 816,000 Yen/sqm, up 5.3% from 2017 (775,000 Yen/sqm) and up 2.6% from 2016 (795,000 Yen/sqm).

About the data:

  • The data is based on information supplied to REINS by agents.
  • This information is voluntarily provided, and not all transactions are recorded.
  • Japan Property Central cannot guarantee the accuracy of the information provided.
  • The discount, for example, is based on the last advertised listing price at the time of sale, rather than the original list price.
  • Some listings are constantly updated, so the days listed between listing on REINS and final sale may not be accurate. The days listed are also based on the day that the agent registered the property as being sold, which is sometimes done on the day of the contract signing, settlement or even later if the agent forgets to update the listing.
  • Not every sale is reported above.
  • Price per square meter or per square foot is calculated based on apartment’s internal floor area and does not include balconies, car parks or common areas.
  • Exchange rate is at the time of publishing the article and is subject to change (1 USD: 108.37 Yen).